After the Successful Merger, 1.90 Crore Unit Shares of United Ajod Insurance Listed in NEPSE For Trading
Sun, Jul 16, 2023 5:15 PM on Latest, Dividend, Bonus & Rights, Share Listed,
1,90,45,680 shares of United Ajod Insurance Limited after a successful merger between United Insurance Company (Nepal) Limited and Ajod Insurance Limited have been listed in NEPSE.
UIC and AIL signed the merger agreement with each other on Poush 27, 2079. The company had signed a merger deal at a swap ratio of 82.50:100, implying that the number of shares of AIL shareholders will decrease by 17.5% in the newly merged company. The share capital of AIL and UIC before the merger was Rs. 1 Arba and Rs. 1.07 Arba, which has reached Rs. 1.90 Arba after the merger.
After a successful merger, UIC and AIL commenced the joint transaction in the name of "United Ajod Insurance Limited" on Jestha 14, 2080. The open price range is set as Rs. 489.49 for the first transactions.
